Which of the Following Statements Is True of an Indorsement

question 10

Multiple Choice

Which of the following statements is true of an indorsement?

• A)It is a necessary component of the negotiation of an instrument and applies only to payments made to a depository bank.
• B)It does not affect future attempts to negotiate the instrument.
• C)It generally does not make a person liable on the instrument even if he/she is engaged in any illegality affecting the instrument.
• D)It makes a person liable on an instrument indorsed by him/her only if the person primarily liable on it does not pay it.

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Definitions:

Time-specified Scheduling

An appointment system where patients are given specific times for their visits, aiming to reduce waiting periods and streamline the process.

Double-booking System

A method used in accounting that records each transaction in two accounts to ensure the balance sheet remains balanced.

Average Visit

An average visit typically refers to the median length or type of encounter experienced by individuals when attending a specific event, facility, or practitioner.

Time-specified Scheduling

A method of appointment scheduling in a medical office where patients are assigned specific times for their visits, aiming to reduce wait times and enhance efficiency.